China Finance Online Co., Ltd. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended on September 30, 2014
December 23, 2014 at 05:30 am EST
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China Finance Online Co., Ltd. announced unaudited consolidated financial results for the third quarter and nine months ended on September 30, 2014. For the quarter, the company reported net revenues of $21,138,000 against $13,162,000 a year ago. For the nine months, the company reported net revenues of $64,916,000 against $26,257,000 a year ago. Loss before income tax expenses was $848,000 against $2,161,000 a year ago. Net loss attributable to company was $2,406,000 against $1,578,000 a year ago. Net loss per diluted share was $0.02 against $0.01 a year ago. Non-GAAP net income attributable to China Finance Online was $1.1 million, compared with a non-GAAP net loss of $1.0 million in the third quarter of 2013.
For the nine months, the company reported net revenues of $64,916,000 against $26,257,000 a year ago. Loss before income tax expenses was $13,320,000 against $10,838,000 a year ago. Net loss attributable to company was $10,783,000 against $10,432,000 a year ago. Net loss per diluted share was $0.10 against $0.10 a year ago. Non-GAAP net loss attributable to company was $88,000 compared with a non-GAAP net loss of $1.0 million in the third quarter of 2013.
China Finance Online Co. Limited is a Web-based financial services company in China. The Company provides Chinese retail investors with online access to securities and commodities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers. The Company operates through three segments: commodities brokerage services, online financial information and advisory service, and other related services in the People's Republic of China (PRC), and Hong Kong brokerage services. The Company offers financial software, information services and securities investment advisory services to retail investors in China. Through its subsidiary, Shenzhen Genius Information Technology Co., Ltd., the Company provides financial database and analytics to institutional customers, including domestic financial, research, academic and regulatory institutions.